OREANDA-NEWS. The Annual General Meeting of PJSOC Bashneft approved the corporate annual report and annual financial statements, including the corporate profit and loss statement for 2014.

The meeting of shareholders resolved to allocate RUB 20.07 billion out of net profits generated by PJSOC Bashneft in 2014 to pay dividends for the 2014 fiscal year (RUB 113 per one ordinary registered share and RUB 113 per one preferred registered share). The meeting set July 17, 2015 as the date when persons entitled to dividends on Bashneft shares will be registered in accordance with the resolution to pay (declare) dividends. All dividends will be paid by August 21 of this year.

The meeting of shareholders also elected the Audit Commission members and approved RSM RUS LLC as Russian Accounting Standards auditor of Bashneft and Deloitte & Touche CIS CJSC as its IFRS auditor for 2015, both auditors being the winners of an open tender.

In addition, the meeting approved Bashneft's revised Articles of Association reflecting the latest legislative changes, requirements of the regulatory authorities and the Code of Corporate Governance, as well as listing rules, and also approved a number of other in-house documents of the Company.